Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Credit Suisse AG, London Branch > News item |
Credit Suisse plans buffered return equity securities tied to S&P 500
By Devika Patel
Knoxville, Tenn., March 6 – Credit Suisse AG, London Branch plans to price 0% buffered return equity securities due April 2, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, subject to a cap that is expected to fall between 24% and 28% and will be set at pricing.
Investors will receive par if the index falls by up to the 15% buffer and will lose 1% for each 1% decline beyond the buffer.
Credit Suisse Securities (USA) LLC is the agent.
The notes (Cusip: 22548QXA8) will price on March 28 and settle on March 31.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.